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AGENCIES WITH REVENUES BETWEEN $1,250,000 AND $2,500,000
42
2005
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
PRODUCER INFORMATION
A.
New Producer Hiring
Where New Producers Were Found
Average
+25%
Profit
+25%
Growth
% of Agencies that Hired
a New Producer During
Last Fiscal Year
32.3%
*
37.5%
Number of New
Producers Hired
1.2
*
1.3
Average Annual
Compensation Per New
Producer
$38,889
*
$35,000
Another
insurance broker
30.0%
An insurance
carrier
30.0%
Directly from college
or graduate school
0.0%
Outside of Industry*
40.0%
*Other industries mentioned most often include Accounting/Finance, Banking, Construction,
Medical/Healthcare, and Retail Sales.
*Insufficient Data